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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

MADRID (MarketWatch)The European Commission is prepared to as European Union
finance ministers to give Spain an additional year to meet the budget deficit
target of 3%, according to a report in the online edition of El Pais on
Wednesday
The newspaper said it had obtained a rough draft of the copy of the
economic strategy for the euro zone set to be delivered by the Commission on
WednesdayMedia reports said it will issue specific recommendations for each of
the 27 countriesEl Pais said the EC wants to give Spain until 2014 to reach
the budget deficit target of 3%, in light of its economic problems, but will
also include draft recommendations on pensions, the financial system, taxes and
labor reformsA spokesperson from the Commission told El Pais that the lack of
clarity over the banking sector could work against Spain's favor in getting
flexibility on its deficit targets
A spokesperson from the Commission could not
immediately be reached for comment.